SpaceX '0share allocation'—Mirae Asset apologizes and considers monetary compensation
Mirae Asset Securities notified customers by text that it would officially apologize and consider monetary compensation in connection with the '6 month 16 day SpaceX IPO subscription, in which no allocation whatsoever was made to domestic investors, resulting in the '0share allocation' incident. The company explained that it was included in the underwriting group in filing S-1 and therefore was qualified.
Mirae Asset Securities officially apologized and notified domestic investors who participated in the 6 month 16 day SpaceX IPO subscription that it was considering monetary compensation over the '0share allocation' incident, in which no shares were allocated.
Co-CEOs and Vice Chairmen Kim Mi-seop and Heo Seon-ho sent text messages to customers who participated in the subscription, conveying their apology and the company's position.
The company said it proceeded with the subscription after being included as an underwriter in documents filed with the U.S. Securities and Exchange Commission (SEC), S-1 and thus had the qualifications and requirements to offer IPO shares to domestic customers.
They explained that they had done their utmost to secure the quantity until the end, but no allocation was made. They said they were discussing compensation measures, including monetary compensation, in this regard.
SpaceX was a case presented in reports as the largest initial public offering in history. Some domestic investors who participated in this subscription were notified that the allocation was 0weeks.
Mirae Asset Securities said it would announce the details and schedule of the compensation plan later. No specific compensation criteria or compensation amount has been announced so far.